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Malaysia ex-PM Najib's major 1MDB trial postponed

Mon, Aug 19, 2019 - 11:34 AM

Malaysian ex-leader Najib Razak's most significant 1MDB trial, which centres on claims huge sums ended up in his bank account, was postponed on Monday for a week after prosecutors said they were not ready.

PHOTO: AFP

[KUALA LUMPUR] Malaysian ex-leader Najib Razak's most significant 1MDB trial, which centres on claims huge sums ended up in his bank account, was postponed on Monday for a week after prosecutors said they were not ready.

It is the second trial linked to scandal-hit state fund 1Malaysia Development Berhad that the former prime minister is due to face since his long-ruling coalition suffered a shock election loss last year.

Billions of dollars were looted from 1MDB and spent on everything from real estate to artwork, in a fraud allegedly involving Najib and his inner circle.

Proceedings were to open Monday over suspect bank transfers linked to 1MDB totalling RM2.28 billion (S$757.50 million) but lead prosecutor Gopal Sri Ram requested a delay to next month.